The 20-year-old forward has started four of the five games he has been available for this season, with Wenger clearly putting his trust in the academy graduate who broke into the side last term.
"He's experienced, he knows about the Premier League, he knows about everything," Iwobi told Newsbeat.
"It's such a great feeling to work for him, especially when he's been at the club for 20 years and has worked with some class players.
"To be involved with that is just crazy. He's completely relaxed.
"He's a calm guy, an approachable guy and he knows what's best for you."